Stephen Traynor, Jennifer Weiss and Simone Urdl of The Film Farm will produce with Kelley Harron and Brian Robertson of Side Road Media.

Harron is the rights holder and daughter of the original co-writer of the musical, Don Harron.

Elsewhere, Breakthrough Entertainment is at work on the latest TV series based on the Anne of Green Gables property.

That comes after Disney Channel first bought into the heart-warming portrayal of small-town Canadiana when it acquired the Anne of Green Gables spinoff drama Avonlea from indie producer Sullivan Entertainment in the 1990s.

The Film Farm and Side Road's theatrical treatment of Anne of Green Gables -- The Musical comes on the upcoming 50th anniversary of the live stage production next year.

"With the 50th anniversary of this beloved musical classic coming in 2014, it is the perfect time for a feature film version," said Harron in a statement.

The Film Farm is currently in postproduction on Atom Egoyan’s The Captive, for a 2014 theatrical release.

Side Road Media Inc. is currently in development with Shaun Majumder on his feature film directorial debut.